Deflated expectations : unfunded pension promises can all be kept

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      <subfield code="a">Deflated expectations</subfield>
      <subfield code="b">: unfunded pension promises can all be kept</subfield>
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      <subfield code="a">Peensions can either be funded for in advance, or be unfunded and dependent on taxes, revenues or other resources from future generations to pay the promised benefi ts. At the end of 2017, OECD countries had funded pensions of almost US$29trn; very important to world stock markets and for equity and bond fi nance, and include both defined benefit (DB) and defined contribution (DC) arrangements. In comparison, unfunded DB pension promises in OECD countries in 2016 were a staggering $78trn, nearly twice conventional national debt.</subfield>
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      <subfield code="g">01/05/2019 Número 4 - May 2019 , p. 30-31</subfield>
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